RE:RE:Might be getting closer for me to buying point...The 2016 Brent futures are at around $98 and the 2018's are at around 96. So Mr. Market says oil will trade about flat to slightly higher over the next couple of years and then level out. If anyone is smart enough (it's above my pay grade) to really know which way the complex global oil market is going, don't bother playing oil stocks. Just play the futures and collect your easy money.
Even with some heavier oil from Suroco and higher royalties at LM, PTA has very good netbacks. The company is going to do very well with oil near current prices. If high transportation costs drop over the next couple of years (new pipelines and hopefully less transportation problems) , we could even see netbacks go up.